Crypto
ETH Sees High Conviction Entry Zone Amid Sideways Trade vs Bitcoin
According to Michaël van de Poppe, ETH is in a high-conviction entry zone as it trades sideways against Bitcoin. This setup favors a brief consolidation before continuation higher. The price of ETH sits at $2422.2 just above the EMA50 at $2421.92, confirming the longer-term bullish structure above the EMA200 at $2165.16.
The MACD has printed a death cross at -2.87 and the RSI is at 42.02, indicating neutral momentum inside the Bollinger Bands. The price tests the lower band support near $2404.05 while the upper band at $2516.83 caps any immediate extension.
Van de Poppe expects ETH to outperform Bitcoin over the next month after Clarity Act approval.